Thomson Reuters Institute

Legal 
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The Thomson Reuters Institute’s Legal coverage focuses on the business of law, including critical issues of great importance to lawyers, whether within law firms, corporate law departments, or solo practices.

2023 Report on the State of the Legal Market

This year’s report shows that as legal demand falters and other key metrics remain mixed, uncertainty in 2023 may cloud law firms leaders’ thinking

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Alternative Legal Services Providers 2023 Report

In our biennial report on the ALSP market, we find a sector that has grown exponentially over the past two years and is making great in-roads with both law firms and corporations.

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Legal data & metrics

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How law firms calculate greenhouse gas emissions - Thomson Reuters Institute

Clients are making more requests for their outside law firms to calculate their own greenhouse gas emissions and disclose that information.
5 min

Q1 LFFI Analysis: Rate growth driving significant improvement - Thomson Reuters Institute

Diving deeper into the Q1 LFFI shows that the Index's improvement was driven mainly by the rise in the rates that law firms charged clients.
5 min

2023 State of the U.K. Legal Market: The rising importance of relationship over reputation - Thomson Reuters Institute

Law firms in the United Kingdom were riding high at the beginning of last year, but that confidence didn't last, according to a new report.
5 min

Legal practice management

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Q1 LFFI Analysis: Will rising law firm rates push clients away? - Thomson Reuters Institute

As the rates that law firms can charge clients continue to rise, will there come a tipping point where clients balk at the higher price tag?
6 min

Insights in Action: Supercharging demand — a case study in differentiation - Thomson Reuters Institute

A new way of analyzing law firm brand positioning can illustrate a powerful case for building a differentiated approach to the legal market.
5 min

Advisory Services: How law firm marketing & business development teams can deliver in a pivotal year - Thomson Reuters Institute

Law firms should unleash their marketing & business development teams to seize critical opportunities in the post-pandemic legal environment.
5 min

Legal marketplace

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Growth, opportunity & possible consolidation in the ALSP market - Thomson Reuters Institute

As the ALSP market continues to grow, it's already showing signs of a maturing market, including a lean towards industry consolidation.
7 min

Law firms and corporate law departments find strategic partners in ALSPs - Thomson Reuters Institute

As the market for ALSPs matures, law firms & corporate law departments are seeing the advantages to enlisting ALSPs as strategic partners.
5 min

2023 Government Law Agency Report: Staffing & technology top list of concerns - Thomson Reuters Institute

A new report illustrates the challenges faced by government law agencies around key issues like employee retention and adopting technology.
5 min

Legal talent & inclusion

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AI & lawyer training: The new drivers of professional development - Thomson Reuters Institute

Successful adaptation to using ChatGPT and generative AI in legal may hinge upon how law firms change their approach to lawyer training.
7 min

Insights in Action: Making the benefit case for promoting healthy employee well-being in the office - Thomson Reuters Institute

Promoting good employee well-being in the workplace can carry benefits across the enterprise, including to the company's business strategy
6 min

Practice Innovations: About women, business development & collaboration - Thomson Reuters Institute

Women in the legal profession quickly learn that it is important to support one another and to collaborate to achieve their career goals.
7 min

Legal technology

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Forum: There’s potential for AI chatbots to increase access to justice - Thomson Reuters Institute

The explosion in use of advanced AI chatbots opens a new path to using them to help people get access to justice to meet their legal needs.
6 min

Corporate legal departments see use cases for generative AI & ChatGPT, new report finds - Thomson Reuters Institute

A new report reveals that corporate law departments view generative AI similarly to their law firm peers, although adoption remains elusive.
5 min

Generative AI in law firms: For many, such technologies are still a great unknown - Thomson Reuters Institute

While many law firms are excited about generative AI for legal work, there are a number that simply don’t know what the technology can do.
5 min

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